Young Dane has made it known to the Gunners and their arch-rivals Spurs that he plans to stay for another season at the Dutch club to continue enjoying regular first-team football
Only recently, the young playmaker exclusively told Goal.com that his current playing style would be better suited to a team in La Liga than an English top-flight club.
But the talented Dane has now made it known that he intends to remain with his current side in Amsterdam for another season to continue his development in the first-team, instead of making a move and potentially finding it difficult to play regularly.
"I know all about Tottenham. They have great players like Rafael van der Vaart and Luka Modric," Eriksen told The News of the World.
"They are a very nice team and play very well. And of course I know all about Arsenal too. They play beautiful football.
"But I know I'm not ready for the next stage yet. That's why I am staying here to learn. I have the quality to play at Ajax and the biggest thing for me now is to be playing.
"I wouldn't want to go somewhere else now just to sit on the bench. That would be a step back and I don't want that for my career."
The 19-year-old is, however, leaving things open-ended as he has not ruled out a move to the Premier League next summer.
Eriksen added: "For now I am focusing on Ajax. I have a contract until 2014 and I'm very happy there.
"But I don't think I will stay until the end of that. I hope I move a bit quicker.
"But right now, and the next season for sure, I will be at Ajax."